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Bithumb: South Korean exchange to resume deposits and withdrawals for XRP, EOS and BCH

Bithumb, the South Korean cryptocurrency exchange which was hacked on March 29, is set to resume withdrawals and deposits for three of the top six cryptocurrencies. In a May 15 announcement, the exchange stated that XRP, Bitcoin Cash [BCH] and EOS [EOS] would be the first few virtual currencies to resume trading.

The exchange stated that the reason for resuming trading of these three cryptocurrencies was to “minimize the inconvenience to members until the resumption of deposits and withdrawals.”

Bithumb added,

“At the moment when the security enhancement that we anticipate will be completed, deposit and withdrawal will resume in about a month. We will proceed with the resuming sequentially considering the price difference and service stability.”

On 17 May, 2019 at 1200 Korean Standard Time, Bithumb will allow withdrawal and deposit services for the three cryptocurrencies.